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Banking Crime #310516

CBS Evening News for Wednesday, Jun 25, 1986
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(Studio: Dan Rather) Report introduced.

(Rollingstone, Minnesota: Jane Bryant Quinn) Criminal factors behind growing no. bank failures in United States examined; arrest of banker Ken. Harthstad for embezzlement here cited as example [Attorney Kent GERNANDER - describes ease with which bankers succumb to temptation.] [FDIC (Federal Deposit Insurance Corporation) chairperson William SEIDMAN - notes scope of fraud in banking industry] Bank failures since 1981 and bank-related criminal cases for same time period graphed on screen. Apparent role of bank deregulation considered. [Minnesota commerce commissioner Michael HATCH - blames new bankers' attitude; explains.] Harthstad's sentence mentioned. [HATCH - wants harsher punishment.] (Artist: Marcia Danits)

Quinn, Jane Bryant;
Rather, Dan

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